Royal Caribbean Cruises (NYSE:RCL) Downgraded to Hold Rating by Wall Street Zen

Royal Caribbean Cruises (NYSE:RCL) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

RCL has been the subject of several other reports. Mizuho cut their price objective on Royal Caribbean Cruises from $372.00 to $362.00 and set an “outperform” rating for the company in a research report on Monday, October 20th. Susquehanna set a $350.00 target price on shares of Royal Caribbean Cruises and gave the stock a “positive” rating in a research note on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Royal Caribbean Cruises from $367.00 to $357.00 and set an “overweight” rating for the company in a research note on Wednesday. Royal Bank Of Canada set a $360.00 target price on shares of Royal Caribbean Cruises in a research note on Friday. Finally, Barclays lowered their target price on shares of Royal Caribbean Cruises from $358.00 to $342.00 and set an “overweight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.86.

Royal Caribbean Cruises Price Performance

Shares of NYSE:RCL opened at $286.65 on Friday. The company has a quick ratio of 0.21, a current ratio of 0.16 and a debt-to-equity ratio of 1.67. The company has a market cap of $77.86 billion, a P/E ratio of 19.28, a PEG ratio of 0.84 and a beta of 2.08. Royal Caribbean Cruises has a 52 week low of $164.01 and a 52 week high of $366.50. The company has a 50-day moving average price of $325.66 and a 200 day moving average price of $296.41.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $5.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.68 by $0.07. Royal Caribbean Cruises had a net margin of 23.33% and a return on equity of 44.68%. The company had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.16 billion. During the same period last year, the firm earned $5.20 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2025 guidance at 15.580-15.630 EPS. Q4 2025 guidance at 2.740-2.790 EPS. Research analysts predict that Royal Caribbean Cruises will post 14.9 earnings per share for the current year.

Insiders Place Their Bets

In other Royal Caribbean Cruises news, Director Richard D. Fain sold 16,000 shares of the business’s stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $311.02, for a total value of $4,976,320.00. Following the transaction, the director owned 150,291 shares in the company, valued at $46,743,506.82. The trade was a 9.62% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Vagn O. Sorensen sold 10,300 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $330.04, for a total transaction of $3,399,412.00. Following the completion of the transaction, the director owned 16,407 shares in the company, valued at $5,414,966.28. This represents a 38.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 6.95% of the company’s stock.

Institutional Investors Weigh In On Royal Caribbean Cruises

Institutional investors have recently modified their holdings of the business. Opal Wealth Advisors LLC bought a new position in Royal Caribbean Cruises in the 2nd quarter worth about $27,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $31,000. 1 North Wealth Services LLC acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $31,000. Evolution Wealth Management Inc. acquired a new stake in Royal Caribbean Cruises during the second quarter valued at approximately $31,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in shares of Royal Caribbean Cruises in the 2nd quarter valued at approximately $32,000. Institutional investors own 87.53% of the company’s stock.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.